Thomson Tightens Structure, New Focus on Sales

ORGANIZATION AND STRATEGY

Thomson Financial has laid off more than 100 employees in London, it announced last week. At the same time, it has added four senior executives to its sales team in Europe and plans to take on a further sixty sales staff globally in a bid to step up its competitiveness, officials say.

The vendor says it expects to make further redundancies in Europe as part of an ongoing restructuring.

Jim Malkin, managing director and CEO of Thomson Financial Europe, says the company cut back on duplicate fu

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